CEO buys after UEX stock regains some steam
The UEX share price has climbed 38 per cent over the past three months. Recent buying by CEO Graham Thody has caught our attention, along with his willingness to add to his position even as the share price moved up. Since Dec. 8, the CEO bought 444,500 shares in the public market at an average price of 61 cents. His most recent buy took place Wednesday, when he snagged 7,000 shares at 69 cents. Vice-president of exploration R. Sierd Eriks also bought 23,000 shares at 64 cents on Dec. 29.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.